SIPP and SSAS round up: Navigating legal and regulatory change

SIPP and SSAS providers continue to navigate an evolving legal and regulatory landscape. Inheritance tax changes are fast approaching, the FCA is proposing a significant new framework for SIPP operators, and recent Ombudsman decisions continue to offer important lessons for schemes.

Our Autumn 2026 round up covers key recent and expected developments, with practical insights and action points for SIPP and SSAS providers, trustees and administrators.

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In this edition

• Preparing for Inheritance Tax changes, covering scheme documentation, processes, member communications.
• Proposed changes to pension transfer conditions, including a new SSAS 'red flag' and implications for due diligence and evidence gathering.
• FCA proposals for SIPP operators, covering due diligence and a new Pension Scheme Money and Assets regime, alongside Consumer Duty updates.
• Practical lessons from recent Ombudsman decisions on death benefits, trustee discretion and employer contributions, plus complaints handling updates.
• A forward look at upcoming developments and key areas to keep on your radar.

Why it matters

Tax changes, regulatory proposals and recent Ombudsman decisions put scheme processes under the spotlight. Reviewing documentation, processes and governance, and taking advice now will help SIPP and SSAS providers prepare for change and address existing risks.

Who is this briefing for

• SIPP and SSAS providers
• Professional trustees
• Scheme administrators
• Independent financial advisers and wealth managers

If you would like to discuss how we can support you, please contact a member of our SIPP and SSAS team.

This publication is intended for general guidance and represents our understanding of the relevant law and practice as at October 2026. Specific advice should be sought for specific cases. For more information see our terms and conditions.